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Franklin India Gilt Fund - Direct Plan - Quarterly IDCW

The primary objective of the Scheme is to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.Read more

AMC websiteScheme documentsNAV history (AMFI)हिंदी में

Franklin Templeton Mutual FundGilt FundsDirect · IDCW (income distribution)Riskometer: Low to Moderate Risk
NAV · 16 Oct 2026₹11.6709▲ 0.11% (1 day)
  • Current NAV₹11.6709
  • Fund Size (AUM)₹ 145 Cr.
  • Expense Ratio0.64 %
  • 1Y Return-2.36%
  • 3Y Return (CAGR)+0.57%
  • 5Y Return (CAGR)+0.37%
  • Category Rank (3Y)—
  • RiskometerLow to Moderate Risk
  • Min. SIP / Lump sum₹ 500 / ₹ 25,000
More figures (11)
  • Since Launch (CAGR)+0.49%
  • Benchmark—
  • Volatility (3Y)3.67 %
  • Sharpe Ratio (3Y)-1.62
  • Beta (3Y)—
  • 52-week High / Low₹12.0136 / ₹11.5152
  • Max Drawdown-18.3 %
  • Launched1 Jan 2013
  • Lock-inNone
  • Portfolio Turnover—
  • Fund ManagersRahul Goswami, Anuj Tagra

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 5 years it returned 0.4% a year.
  • Volatility over 3 years was 3.7% a year, with a Sharpe ratio of -1.62.
  • Its biggest fall from a peak was 18.3% (24 Nov 2016 to 4 Oct 2018).
  • Across all 3-year periods since launch, yearly returns ranged from -4.0% to 8.8% and were positive 53% of the time.
  • Expense ratio 0.64%, fund size ₹145 crore.

Pros

  • Long track record of 13.8 years since 1 Jan 2013.

Cons

  • Returns were negative in 47% of all 3-year periods since launch.
  • Expense ratio of 0.64% is above the category median of 0.48%.
  • Small fund size of ₹145 crore.

Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund-0.30%-2.12%-1.92%-1.00%-1.50%-2.36%-1.01%+0.57%+0.37%-0.16%-0.72%+0.49%

Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Gilt Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD2025202420232022202120202019201820172016
This fund-1.50%-0.23%+2.82%+1.87%+0.37%-4.46%+1.34%+1.02%-1.99%-6.04%+8.48%

January to December each year; the current year is to date.

Month-by-month returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDecYear
20260.40.9-3.51.90.10.20.60.3-1.9-0.4
20250.70.50.01.80.5-2.70.5-2.00.30.70.1-0.7-0.3
20240.60.5-0.60.30.9-0.61.00.9-0.10.20.6-0.92.8
20230.50.10.10.80.7-1.00.30.5-0.80.20.8-0.41.9
20220.10.4-0.5-0.5-0.70.31.20.7-1.40.31.3-0.80.4
2021-0.3-1.7-1.01.30.3-1.80.41.0-1.3-0.10.5-1.8-4.5
20200.52.7-1.01.31.2-1.50.6-1.3-1.20.80.5-1.31.3
2019-0.10.5-0.10.23.0-0.91.5-0.3-1.90.70.6-2.11.0
2018-1.3-1.71.6-2.30.2-2.01.2-0.7-1.71.52.80.6-2.0
20171.5-3.1-0.5-0.31.90.50.90.1-2.2-0.8-0.7-3.4-6.0

Change in NAV from the last business day of one month to the last business day of the next. Positive in 69 of 118 months shown (58%). "Year" is shown for complete calendar years.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?3.67%3.32%
Sharpe ratio ?-1.62-1.85
Sortino ratio ?-1.77-2.02
Maximum drawdown-6.65%-6.65%

Rolling 3-year returns (yearly)

Lowest-4.03%
Median+0.21%
Highest+8.76%
Positive53% of periods
Above 12% a year0% of periods

Rolling 5-year returns (yearly)

Lowest-2.90%
Median+0.16%
Highest+2.58%
Positive61% of periods
Above 12% a year0% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

How it handled market falls

Biggest falls in this fund's NAV

PeakBottomFallBack to the peak onTime to recover
24 Nov 20164 Oct 2018-18.3%Not yet—
24 May 201319 Aug 2013-14.5%2 Dec 201415 months
4 Mar 201525 Feb 2016-6.4%13 Jul 20165 months

Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,17,694₹-2,306-3.53%
3Y₹3,60,000₹3,53,775₹-6,225-1.13%
5Y₹6,00,000₹5,99,531₹-469-0.03%
10Y₹12,00,000₹11,88,719₹-11,281-0.19%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

What your investment would be worth

Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.

Compare with all Gilt Funds (29)

S.No.Scheme (Direct plans, Growth)6M %1Y %3Y % CAGR5Y % CAGRExpense ratio %Fund size ₹ Cr
1.Aditya Birla Sun Life Gilt FundAditya Birla Sun Life Mutual Fund————0.491,175
2.Axis Gilt FundAxis Mutual Fund————0.46336
3.Bajaj Finserv Gilt FundBajaj Finserv Mutual Fund————0.4726
4.Bandhan 10 year Constant Maturity Gilt FundBandhan Mutual Fund————0.26285
5.Bandhan Gilt FundBandhan Mutual Fund————0.561,686
6.BARODA BNP PARIBAS GILT FUNDBaroda BNP Paribas Mutual Fund————0.14515
7.Canara Robeco Gilt FundCanara Robeco Mutual Fund————0.47111
8.DSP 10 year Constant Maturity Gilt FundDSP Mutual Fund————0.3137
9.DSP Gilt FundDSP Mutual Fund————0.591,083
10.Edelweiss Gilt FundEdelweiss Mutual Fund————0.51119
11.Franklin India Gilt FundFranklin Templeton Mutual Fund————0.64145
12.Groww Gilt FundGroww Mutual Fund——————
13.HDFC Gilt FundHDFC Mutual Fund————0.461,885
14.HSBC Gilt FundHSBC Mutual Fund————0.50152
15.ICICI Prudential 10 year Constant Maturity Gilt FundICICI Prudential Mutual Fund————0.291,935
16.ICICI Prudential Gilt FundICICI Prudential Mutual Fund————0.589,118
17.Invesco India Gilt FundInvesco Mutual Fund————0.47105
18.Kotak Gilt FundKotak Mahindra Mutual Fund————0.482,065
19.Kotak Gilt FundKotak Mahindra Mutual Fund——————
20.LIC MF Gilt FundLIC Mutual Fund————0.7044
21.Nippon India Gilt FundNippon India Mutual Fund————0.521,487
22.PGIM India Gilt FundPGIM India Mutual Fund————0.5285
23.quant Gilt Fundquant Mutual Fund————0.4273
24.SBI 10 YEAR CONSTANT MATURITY GILT FUNDSBI Mutual Fund————0.321,501
25.SBI GILT FUNDSBI Mutual Fund————0.508,067
26.Tata Gilt FundTata Mutual Fund————0.30769
27.Union Gilt FundUnion Mutual Fund————0.6575
28.UTI - Gilt FundUTI Mutual Fund————0.69415
29.UTI 10 year Constant Maturity Gilt FundUTI Mutual Fund————0.31105
Median: 29 schemes————0.48336

Detailed comparison with another fund About Gilt Funds

Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.

Scheme details

Investment objective
The primary objective of the Scheme is to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.
Fund managers
Rahul Goswami, Anuj Tagra
Fund house
Franklin Templeton Mutual Fund
Category
Gilt Funds · Debt
Plan / option
Direct · IDCW (income distribution)
AMFI scheme code
118497
ISIN
INF090I01HQ6, INF090I01HR4
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About Gilt Funds

Gilt Funds invest at least 80% in government securities, so credit risk is minimal, but prices move with interest rates.

Generally used by investors with a 3+ year horizon who understand interest-rate risk.

Other plans of this scheme

Tax on your gains

Likely tax treatment: Debt-oriented fund ("specified mutual fund")

  • Units bought on or after 1 April 2023: gains are added to your income and taxed at your slab rate, however long you hold them.
  • No long-term rate or indexation benefit for these units.
  • Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
  • Switching from one scheme or plan to another counts as selling and buying.
  • Surcharge and 4% health and education cess apply on top of these rates.
Fund typeShort-termLong-term
Equity-oriented20% (up to 12 months)12.5% above ₹1.25 lakh
Debt-oriented (bought from Apr 2023)Slab rateSlab rate
Gold, international, other hybridSlab rate12.5% (after 12 or 24 months)

Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.

Fund managers

RG
AT

From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.

Questions about this scheme

What is the NAV of Franklin India Gilt Fund today?
The latest NAV of Franklin India Gilt Fund - Direct Plan - Quarterly IDCW is ₹11.6709 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has Franklin India Gilt Fund given?
As on 16 Oct 2026: 1 year -2.36%, 3 years +0.57% a year, 5 years +0.37% a year. Past returns may or may not be sustained in future.
What is the expense ratio of Franklin India Gilt Fund?
The expense ratio of the Direct plan is 0.64% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Low to Moderate Risk. Over 3 years its volatility was 3.7% a year and its biggest fall from a peak was 6.7%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Gilt Funds?
Gilt Funds invest at least 80% in government securities, so credit risk is minimal, but prices move with interest rates.
How are gains from Franklin India Gilt Fund taxed?
It is taxed as a debt-oriented fund: for units bought on or after 1 April 2023, gains are taxed at your income-tax slab rate however long you hold them.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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